Question

impact of globalisation in India​

Answer 1

Answer:

1) Increased foreign investment in India.

2) Greater cultural exchange because of greater movement of the people. This has greatly helped the tourism sector in India.

3) Opening up of the Indian markets to foreign goods.

4) The greater competition among companies leading to improvement of quality with reduction in prices of the products.

5) Access to newer technology and improved ways of production from the more advanced countries leading to efficiency in the local industries.

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